Updated June 16, 2022

Banks That Don't Require Social Security Number

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Looking to open a bank account without providing your Social Security Number? Read this guide to know which banks don't require an SSN.

There are plenty of legitimate reasons why someone might not have a Social Security number. After all, the U.S. is a country of immigrants, and the gears of bureaucracy turn slowly.

And unfortunately, getting an SSN can take months, if not years.

The good news? Some banks know this shouldn't keep you from getting basic financial services. In this helpful guide, find out which banks don't require a Social Security number.

What Do You Need to Open a Bank Account?

Even if you don't have a Social Security number, banks will still ask for other information. Below, review the info you'll need to provide and how you can verify it with the bank.

Identifying InformationVerification Options
Name and Date of BirthUnexpired passport; Government-issued driver's license (including ones from foreign countries); Consular ID; Birth certificate; IDs provided by certain cities
Proof of AddressUtility bill; Lease; Current driver's license; Municipal ID
Identification number
(This requirement can sometimes be satisfied by other government-issued documents that prove your nationality or residence, like passports or foreign driver's licenses)
Social Security number (SSN); Individual taxpayer identification number (ITIN); Alien identification card number

Note: Some banks may have different requirements, but these are the ones that are broadly applicable.

Why do I need an ITIN?
An ITIN, or Individual Taxpayer Identification Number, will serve as your identification number for filing your tax returns. If you do not qualify for an SSN, you will need to apply for an ITIN. You can obtain an ITIN by filling out Form W-7 and submitting it to the IRS. Most banks require you to have either a valid SSN or ITIN.

Banks That Don't Require a Social Security Number

Below, let's take a look at what banks and credit unions will offer accounts for those without a Social Security number.

1. Bank of America

Bank of America is a well-known U.S. bank that provides a range of financial services, like checking and savings accounts, rewards credits cards, loans, investing services, and more.

They have approximately 4,200 branches across the nation, and 17,000 ATMs, ensuring you'll have access practically everywhere.

You can open a Bank of America account with an ITIN instead of an SSN, but you'll have to do it at a local branch as the option isn't offered online.

2. Chase

Chase Bank has 4,700 branches and 16,000 ATMs[1] throughout the U.S. However, they tend to be near the coasts and around major cities.

If you live in more rural parts of the U.S., you may want to choose another option.

Chase offers personal banking services such as checking and savings accounts, credit cards, home and auto loans, and investing through JPMorgan. You can also take advantage of online banking services through the Chase site and mobile app.

Like Bank of America, you can open a Chase account without a Social Security number, but the ability to do so may depend on your visa or Green Card status.

To open a Chase account, visit a local branch near you.

3. Marcus by Goldman Sachs

Marcus by Goldman Sachs provides customers with a range of financial services:

  • A variety of savings products
  • A fee-free checking account
  • Investing options
  • Personal, home, and debt consolidation loans
  • Financial education resources

Marcus is available in all 50 states in the U.S., comes with a free debit card, and doesn't charge for incoming wire transfers, either domestic or international.

There are no physical branches, meaning you'll have to take care of sign-up either online or over the phone.

You can open a Marcus account with an ITIN if you don't have an SSN.

4. Self-Help Credit Union and Self Help Federal Credit Union

Self-Help Credit Union and Self Help Federal Credit Union are nonprofit financial services providers.

They aim to provide banking services to low-income individuals. The first provides services in Florida, North Carolina, South Carolina, and Virginia; the second in California, Illinois, Wisconsin, and Washington.

Services they offer include personal checking, savings, and money market accounts, home, auto, personal, and immigration loans, IRAs, and more.

You can sign up with a valid driver's license, passport, an identification card from a Mexican consulate, a state-issued ID, a military ID, or a residency card.

5. Citibank

New York-based Citibank, a CreditDonkey partner, is another major U.S. bank. They offer personal checking and savings accounts, CDs and retirement accounts, credit cards, home loans, a variety of investing options, and wealth management services.

Citibank has over 2,600 branches in 19 countries.

If you can verify your address, you can open an account with Citibank with an ITIN instead of an SSN.

There are a number of other options for those looking to sign up for a bank without a Social Security number, but they may have geographical or other restrictions. They include:

  • Latino Credit Union
  • Alliant Credit Union
  • PNC Bank
  • Wells Fargo
  • Alternatives Credit Union
  • Ithaca Community Bank
  • M&T
  • Tompkins Trust Company and more

What Are The Benefits of Opening A Bank Account?

Not sure if it's worth it to open a bank account? Let's consider some of the benefits of having a bank account below.

Banks are safer
If your housing situation is uncertain, keeping your money in a bank will help protect it from burglaries, natural disasters, fires, and floods.

Plus, keeping large amounts of cash at home may appear suspicious to law enforcement, even if you're doing absolutely nothing wrong.

Banks are cheaper
Worried that banks will nickel-and-dime you with fees and charges? Luckily, many are moving away from that business model. Some even offer free checking accounts with no minimum.

Plus, there are unseen costs of not having a bank account.

Some service providers see an unbanked person as a potential risk, and may charge you additional fees for not having an account. With a bank account, you can cash checks and pay bills for no additional charge.

Banks help you build a financial history
Without financial history (like a credit score), it may be impossible to get a loan for a car, home, college education, or a business. You may not be able to get credit cards, either.

Simply by doing business with a banking institution over time, you can start to build your trustworthiness in the eyes of the financial community.

Many banks also offer ways to improve your credit score without taking on debt. Credit history may seem unnecessary now, but in the long term, it can be an invaluable asset.

Bottom Line

It's wise not to underestimate the value of having a bank account. Besides the obvious protections, it can help provide a starting point for your financial future. You'll also save time, money, and frustration when dealing with service providers.

You might be worried about the process, but rest assured, there are plenty of banks and credit unions interested in making it possible to open an account without a Social Security number.

All you need to do is choose which one is right for you, and get started.

References

  1. ^ "About Chase": Chase, 2022.

Jeremy Harshman is a protector of art and writing at CreditDonkey, a bank comparison and reviews website. Write to Jeremy Harshman at jeremy.harshman@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.

Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.

This content is not provided by Citi. Any opinions expressed are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by Citi.

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